Inflation news lifts peso but stocks fall
THE peso rose for a third day against the dollar but the stock market fell back to the 6,400 level on Friday after the release of June inflation data.
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US recession fears hit PSEi; peso gains
A LIKELY Federal Reserve (Fed) rate cut in September helped lift the peso higher on Friday but fears of a US recession weighed on the stock market, which closed out the week on a down note.
Peso further gains but profit-taking hits PSEi
THE peso gained for the third straight day against the dollar on Wednesday, but profit-taking saw the stock market fall back to the 6,400 level.
Stocks advance ahead of BSP meeting
MANILA, Philippines — Share prices sustained their climb for a second consecutive session as investors continued their bargain hunting while waiting for the Bangko Sentral ng Pilipinas (BSP) meeting this week.
Peso stays at P58.80:$1; PSEi snaps 8-day slump
THE peso arrested its fall on Monday but stayed at an over 19-month low while the stock market snapped an eight-day decline to edge higher.
Peso hits P58.80:$1; PSEi down nearly 3%
THE peso and the stock market ended the week on a sour note with both hitting multi-month lows amid a continued lack of positive catalysts.
Interest rate woes dampen stock market
MANILA, Philippines — Share prices plunged for a fourth consecutive session on investor concerns over the direction of interest rates.
Peso hits 19-mo low; PSEi up 0.59%
THE peso hit a 19-month low on Monday while the stock market managed a positive start to the week as investors hunted for bargains.